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Title: Dick’s Destroyed $5 Mil. Worth of ‘Assault Rifles’ to Keep Them ‘Off the Street’
Source: From The Trenches/Breitbart
URL Source: https://fromthetrenchesworldreport. ... eep-them-off-the-street/255179
Published: Oct 7, 2019
Author: AWR Hawkins
Post Date: 2019-10-07 20:48:12 by Deckard
Keywords: None
Views: 2101
Comments: 16

Breitbart – by AWR Hawkins

Dick’s Sporting Goods CEO Ed Stack told CBS News that his company destroyed $5 million worth of “assault-style rifles” to keep them out of private hands.

Dick’s announced a halt to “assault-style rifles” two weeks after the February 14, 2018, Parkland high school shooting. 

On April 17, 2018, Breitbart News reported that Dick’s was destroying its “assault-style rifle” inventory, rather than returning the firearms to their manufacturers. Fox News quoted a spokesperson from Dick’s saying, “We are in the process of destroying all firearms and accessories that are no longer for sale as a result of our February 28th policy change. We are destroying the firearms in accordance with federal guidelines and regulations.”

During his October 6, CBS News appearance, CEO Ed Stack said the company ended up destroying $5 million worth of “assault-style rifles.”

Stack also admitted the Dick’s gun control stance has resulted in “a quarter of a billion [dollars]” in loses. But Stack does not regret the gun control stance. Rather, he is considering taking the company even further down the gun control path.

As of right now, 100 Dick’s stores no longer sell guns of any kind. Stack is thinking about expanding that policy so that no Dick’s store sells a gun.

AWR Hawkins is an award-winning Second Amendment columnist for Breitbart News and the writer/curator of Down Range with AWR Hawkins, a weekly newsletter focused on all things Second Amendment, also for Breitbart News. He is the political analyst for Armed American Radio. Follow him on Twitter: @AWRHawkins. Reach him directly at awrhawkins@breitbart.com. Sign up to get Down Range at breitbart.com/downrange.

https://www.breitbart.com/politics/2019/10/06/dicks-destroyed-5-mil-worth-assault-rifles-keep-them-off-street/

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Begin Trace Mode for Comment # 16.

#15. To: Deckard (#0)

Destroying easily-marketable inventory is OK with shareholders, assuming he's not just a lying sack of shit (which would be a violation of SEC regs)?
Are there any shareholders left?

Hank Rearden  posted on  2019-10-09   14:48:05 ET  Reply   Untrace   Trace   Private Reply  


#16. To: Hank Rearden (#15)

Are there any shareholders left?

It started out as a family corporation and has grown very large over decades. I suspect that family members and execs still hold a majority of the stock or we'd hear of a stockholder revolt against destroying legal merchandise at a complete loss.

Tooconservative  posted on  2019-10-09   17:17:56 ET  Reply   Untrace   Trace   Private Reply  


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